📉 Bitcoin continued its decline - overnight, at one point, the cryptocurrency's price dropped below $58,000.
Over the past day, traders' positions worth $262 million have been liquidated. 🪓🩸
👀 But here's the interesting part. On June 24, when #bitcoin☀️ last dropped below $60,000 (and did not fall below $58,000 at that time), the Fear & Greed Index plummeted to 30, an extremely low value. Currently, the index stands at 44, still in the fear zone, but the market is now more confident, which is somewhat surprising, especially considering the massive movements of #Bitcoin❗ , possibly indicating rapid compensation payments to victims of the #Mt.GOX hack. 🤔
